The Nifty rallied 3.81% this week, largely on the back of the new RBI Governor’s “Big Bang” entry.
Banks rallied on the back of RBI’s FX swaps that is expected to bring in $10bn from non-resident deposits.
Top Winners and Losers
Advancers and Decliners
Are we at the cusp of a breakthrough here?
Rates ended lower across the curve but the term-structure remains inverted.
Thought for the weekend
For all their great work, it is unclear that economists have actually helped government officials manage the complex task of managing a national economy any better than they ever have. We are bedeviled by manufactured complexity — complexity that could have been avoided but has instead been amplified by the pursuit of narrow knowledge in a broad world.
Source: Our Self-Inflicted Complexity